The Global Guar Gum Market size was valued at USD 525.3 million in 2019 and is expected to register a CAGR of 4% from 2021 to 2027.
Guar gum, also known as gellan gum, is a natural polymer derived from guar seeds. Powdered products used to stabilize, emulsify and thicken the texture of certain food and industrial products. Guar gum has the properties to achieve high viscosity at low concentrations due to its inherently non-toxic, low-calorie, high-fiber properties. Because of these properties, it is used as an additive in foods and beverages such as bottled coconut and almond milk, yogurt, soups, and fiber supplements. There are many other uses of guar gum including body lotions and DIY beauty recipes. The food industry accounts for 70% of sales in the guar gum market. It is also an ideal thickener due to its colloidal and emulsifying properties. However, fluctuations in oil prices, oversupply and the gradual emergence of superior alternatives are some of the factors restraining market growth in the region.
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Market Segments
On the basis of grade
- Food-grade
- Industrial-grade
- Pharmaceutical-grade
On the basis of function
- Thickening
- Gelling
- Binding
- Friction reducing
On the basis of application
- Oil & gas
- Food & beverages
- Mining & explosives
- Paper manufacturing
- Pharmaceuticals and cosmetics
Key Players
Major players in the Guar Gum Market include Penford Corp., TIC Gums, Inc., Lucid Group, Vikas WSP Limited, and Ashland Inc.
Scope of the Report
The research study analyzes the global Guar gum industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Guar gum Market Report
1. What was the Guar gum Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Guar gum Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Guar gum Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Guar gum market.
- The market share of the global Guar gum market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Guar gum market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Guar gum market.
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